Does tax risk effect on the relationship between tax avoidance and firm value? A Case study on companies on the IDX in 2016-2019

This study aims to investigate the direct and moderating relationship between tax avoidance and firm value proxied by CETR where tax risk as a moderator. The population of this study are public companies listed on the Indonesia Stock Exchange for the period 2016-2019 with the sampling criteria used is purposive sampling technique and obtained a sample of 376 observations. Data obtained from the company's financial statements and analysed using SmartPLS3 software. The data analysis technique in this study uses path analysis with the SEM-PLS approach. The results of this study provide evidence that tax avoidance has a positive and significant effect on firm value, and tax risk is not able to moderate the effect of tax avoidance on firm value.